Mumbai: IIFL Securities initiated a Buy rating on Siemens, Praj Industries, Garden Reach Shipbuilders & Engineers (GRSE), Radico Khaitan, and Sobha. The brokerage recommended share price target and Stop Loss for the mentioned stocks.
The BSE Sensex dropped 152.93 points to finish at 81,820.12. Intraday, the barometer declined by 337.48 points to a low of 81,635.57. The NSE Nifty finished lower by 70.60 points to 25,057.35. The benchmark Sensex closed lower as a result of selling in index major HDFC Bank, Reliance Industries, and Bajaj Finance. Weak quarterly results of companies and rise in inflation also dented investor sentiment.
Siemens share price target
Buy 7870
Target price: Rs 8075-8200
Stop Loss: Rs 7665
IIFL Securities gave a Buy call on Siemens, recommending that the shares can be purchased at Rs 7870 apiece with a target price of Rs 8075-8200. The Stop Loss should be maintained at Rs 7665.
Praj Industries share price target
Buy Praj Industries stock at Rs 815 per equity share as the scrip has the potential to rise and touch the levels of Rs Rs 848-870. The Praj Industries shareholders should position the Stop Loss at Rs 782.
Buy: Rs 815
Target price: Rs 848-870
Stop Loss: Rs 782
GRSE share price target
Buy: Rs 1774
Target price: Rs 1845-1890
Stop Loss: Rs 1703
Garden Reach Shipbuilders & Engineers (GRSE) stock can be bought at Rs 1774 per equity share with a target price of Rs 1845-1890. The Stop Loss should be maintained at Rs 1703, the brokerage advised.
Radico Khaitan share price target
Buy: Rs 2215
Target price: Rs 2282-2330
Stop Loss: Rs 2148
IIFL Securities maintained a Buy rating on Radico Khaitan. The brokerage advised the interested investors to buy the share at Rs 2215 apiece. The counter is projected to rise to the levels of Rs 2282-2330 and the scrip should be safeguarded by positioning the Stop Loss at Rs 2148.
Sobha share price target
Buy: Rs 1814
Target price: Rs 1887-1940
Stop Loss: Rs 1742
The brokerage backed Sobha share price to appreciate and advised the stock market enthusiasts to purchase the scrip at Rs 1814 with a target price of Rs 1887-1940. The Stop Loss should be maintained at Rs 1742.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks to Buy today: IIFL Securities advocated for Radico Khaitan, Garden Reach Shipbuilders & Engineers (GRSE), Siemens, Praj Industries, and Sobha. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
